Eric A. Hanson - Apr 20, 2023 Form 4 Insider Report for Lifeway Foods, Inc. (LWAY)

Role
CFO
Signature
/s/ Eric A. Hanson
Stock symbol
LWAY
Transactions as of
Apr 20, 2023
Transactions value $
-$14,817
Form type
4
Date filed
4/27/2023, 06:08 PM
Previous filing
Sep 2, 2022
Next filing
Aug 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LWAY Common Stock no par value Tax liability -$14.8K -2.43K -4.56% $6.11 50.7K Apr 20, 2023 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding LWAY Restricted Stock Units 7.47K Apr 20, 2023 Common Stock 7.47K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 No stock was sold. Such shares were surrendered to the issuer in connection with tax withholding obligations of the Reporting Person.
F2 Includes a time-based restricted stock award of which 6,319 will vest on April 20, 2024, contingent on the Reporting Person's continued service on each applicable vesting date.
F3 Each restricted stock unit has a value equal to one share of common stock. Of such restricted stock units, 2,489 will vest on August 31, 2023, 2,489 will vest on August 31, 2024 and 2,488 will vest on August 31, 2025, contingent on the Reporting Person's continued service on each applicable vesting date.